Orderly Network and Elixir have recently partnered up to launch Quantum Pools. This is a new addition to BOTH of the projects’ airdrop campaign, giving participants opportunity to qualify for both token airdrops. Here’s what you need to know.
What is this project?
Orderly Network is a leading infrastructure provider specializing in order book liquidity, valued at $200M. Elixir, on the other hand, is a colossal project with a valuation of $800M. Together, they’ve launched an enticing airdrop campaign, leveraging their combined strength to offer participants significant rewards.
Key Features
- Orderly Book Liquidity: Orderly Network ensures a seamless trading experience by providing ample liquidity.
- Orderly Quantum Pools: Recently introduced, these pools are powered by Elixir, enabling users to supply USDC as liquidity to the order book, thereby enhancing DEX margin trading.
- Liquidity: The integration will enable traders to provide liquidity directly to Orderly pairs, acting as an AMM equivalent for orderbooks. This deepens Orderly Network liquidity, tightens spreads, and offers depth for larger trades, improving overall trading experiences.
- Deeds: In addition to incentives, Deeds will be allocated to Elixir pools. By providing liquidity you will earn deeds to be redeemed at a later stage.
- High Valuation and Growth Potential: With Elixir valued at 800 million dollars, and Orderly Network valued at 200 million, both projects show strong potential and investor interest.
- Dual Incentives: Participants can earn “Deeds” from Orderly Network and “Potions” from Elixir by supplying liquidity, maximizing your airdrop potential.
- 20% APR: By supplying USDC as liquidity, users can expect an attractive annual percentage rate (APR).
What Makes This a Top Airdrop?
The dual rewards system is what sets this airdrop apart. By participating, you’re not just earning one type of incentive but two—maximizing your potential returns. With valuations as high as these, it’s clear that both Orderly Network and Elixir are major players in the DeFi and crypto ecosystem.
Why the Project Needs to Give Airdrops
Airdrops serve multiple purposes. For these projects, they act as a catalyst to:
- 1. Bootstrap Liquidity: Having ample liquidity is crucial for seamless trading.
- 2. User Acquisition: Airdrops attract new users who may become long-term participants.
- 3. Community Engagement: Engaging the community early on ensures a loyal user base.
Timeline for Completing Airdrop Objectives
The airdrop objectives are designed to be completed over several months, aligning with the token generation events (TGE) for both projects. Elixir’s TGE is expected in Q3 or Q4, while Orderly Network’s is also anticipated around Q3.
Step-by-Step Guide to Get This Airdrop
1.Visit the Elixir Page: Start by visiting the Elixir page to understand the partnership and available DEXes.
2. Supply USDC as Liquidity:
- Navigate to the Orderly Quantum Pools powered by Elixir.
- Deposit USDC into the designated pairs.
3. Earn Rewards:
- For supplying liquidity, you earn “Deeds” from Orderly Network and “Potions” from Elixir.
- Deeds represent ownership of Orderly’s future. You can see your Potions on Elixir’s dashboard.
- The rewards are currently set at a minimum of 20% APR.
4. Participate in Trading Campaigns:
- Engage in trading on platforms powered by Orderly Network, such as those on EVM or NEAR.
- Accumulate trading volume to earn “Merits”. Merits is the point system for Orderly Network trading side while Deeds is for the liquidity side.
5. Maximize Your Airdrop:
- Participate in additional campaigns, like Galxe and Zealy quests, to earn extra points and NFTs.
- On Galxe Quest, Orderly Network provide various rewards based on trading activity. For example, on Polygon QuickSwap, if you accumulate $500 in trading volume by June 6th, you’ll receive an NFT. Currently, only 2,667 NFTs have been minted, indicating the quest is under-farmed and offers a good opportunity.
- Zealy quests involves social media tasks to earn additional rewards.
6. Verify Participation for NEAR Protocol:
- While trading on NEAR before and during the campaign qualifies for the airdrop, not all NEAR DEXes are powered by Orderly Network. Confirm which DEXes qualify, such as Ref Finance, BTS Dex, and others mentioned in their blog.
7. Track Your Progress:
- Use tools like the Mo DeFi API to track your progress and rewards from events like Sender Labs’ Candy Box event, where daily sign-ins can earn you random NEAR meme coins and tokens.
How much money is expected to be airdropped?
The exact amount will vary based on your level of participation, but the estimated rewards are substantial given the high valuation of both projects. Early data suggests that this campaign is highly under-farmed, making now a great time to get involved.